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04 Nov 2024

Gold Reaches This Level in Preparation for the U.S. Elections

Global gold prices remained steady during Monday's trading as investors prepared for an important week for the global economy ahead of the U.S. presidential elections and the potential for another interest rate cut by the Federal Reserve.

Tim Warter, Senior Market Analyst at KCM Trade, stated that this week's uncertainty could benefit gold, as a delayed election outcome or a divided control of the House and Senate could lead to increased gold buying as a safe-haven asset, driving prices higher

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